September 02 2014
Source: Richmond Bizsense
The startup with the $50M plan
A local real estate startup is seeing dollar signs as upcoming changes to federal regulations could soon make it easier for small businesses to raise capital.
Allegiancy, a spinoff of a Richmond real estate investment firm, is preparing for a $50 million capital raise beginning this fall. CEO Steve Sadler said the company will try to build an acquisition war chest by taking advantage of long-awaited Securities and Exchange Commission rule changes. The SEC is expected to smooth the process for small, private companies to pitch investors through limited public stock offerings.
March 07 2017